Green Technology and Sustainability Market to Witness 29.3% CAGR during 2024-2031 | SkyQuest Technology
Westford, USA, Aug. 30, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that Green Technology and Sustainability Market will attain the value of USD 177.08 billion by 2031, with a CAGR of 29.3% during the forecast period (2024-2031). Green technologies are environmentally friendly solutions that lead to economic and social development. Often referred to as clean manufacturing, in which energy is produced as an alternative natural fuel that is less harmful to the environment than fossil fuels. Moreover, many governments around the world are spending heavily on green technologies to protect nature and reduce negative impacts on the environment. Besides, due to the unprecedented COVID-19 healthcare crisis, the Artificial Intelligence Analytics segment is expected to grow significantly during the forecast period, as manufacturers and other industries resume operations on products.
Download a detailed overview:
https://www.skyquestt.com/sample-request/green-technology-and-sustainability-market
Browse in-depth TOC on " Green Technology and Sustainability Market "
- Pages – 242
- Tables - 72
- Figures – 75
Green Technology and Sustainability Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 22.66 Billion |
| Estimated Value by 2031 | USD 177.08 billion |
| Growth Rate | Poised to grow at a CAGR of 29.3% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Offering, Technology and Vertical |
| Geographies Covered | North America, Europe, Asia-Pacific, and the Rest of the world |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Upsurge in Demand for Sustainable Development |
| Key Market Drivers | Increasing Environmental Awareness |
Green Building Segment to Dominate Due to Regulatory Support and Incentives
The green building is expected to have a significant share of the green technology and sustainable market during the period under consideration. Green building, also known as sustainable or efficient building, covers the entire life cycle of a building, from site installation to design, construction, operation, repair and maintenance. This approach adds features of economy, practicality, durability and comfort to traditional construction. The main drivers are energy and water efficiency, materials efficiency, indoor environment, and the impact of the building on the environment.
IoT Segment to Drive Market Due to Reducing Energy Consumption
By 2022, the IoT segment led the market and accounted for more than 41.0% of the global revenue. Technology in the green technology & sustainability market includes the Internet of Things (IoT), AI and analytics, cloud computing, digital twin, blockchain, and other technologies. A relatively new concept, green computing, is reducing energy consumption and carbon footprint by manufacturers, data centers, and end-users by designing and manufacturing computers to reduce carbon emissions.
North America is Dominating Due to Increasing Investment and Infrastructure
North America accounted for the largest revenue share of over 39.0% by 2022, and further growth opportunities are anticipated during the predicted period. It can be attributed to the rising investment and infrastructure in the green environment.
The Asia-Pacific region will be the financial market, growing at the largest CAGR during the forecast period. For example, Huawei hosted the Asia-Pacific Digital Power Green Energy Summit 2022. This expansion is driven by rapid growth in countries such as India and China, where India is focused on integrating new technologies to drive business effectiveness.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/green-technology-and-sustainability-market
Drivers
- Increasing Environmental Awareness
- Government Regulations and Incentives
Restraints
- High Initial Costs
- High Costs of Research and Development
Prominent Players in Green Technology and Sustainability Market
The following are the Top Green Technology and Sustainability Companies
- Tesla Inc.
- Panasonic Corporation
- Vestas Wind Systems A/S
- Enphase Energy Inc.
- SunPower Corporation
- First Solar Inc.
- Yingli Solar
- Trina Solar Limited
- Canadian Solar Inc.
- Jinko Solar Holding Co., Ltd.
- Hanwha Q Cells Co. Ltd.
- LG Electronics Inc.
- Sharp Corporation
- Toshiba Corporation
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/green-technology-and-sustainability-market
Key Questions Answered in Green Technology and Sustainability Market Report
- What are the restraints of Global Green Technology and Sustainability Market size?
- Who are the key players in the Global Green Technology and Sustainability Market?
- Which is the dominant region in the Global Green Technology and Sustainability Market?
This report provides the following insights:
- Analysis of key drivers (increasing environmental awareness, government regulations and incentives), restraints (high initial costs, high costs of research and development), opportunities (upsurge in demand for sustainable development), influencing the growth of Green Technology and Sustainability Market.
- Market Dynamics: Comprehensive information about the various products offered by the dominant players in the Green Technology and Sustainability Market.
- Product Development/Innovation: An overview of emerging trends, R&D activities and product launches in the Green Technology and Sustainability Market.
- Market Growth: Detailed information on profitable growing industries.
- Market Trends: Complete information about new products, emerging geographical areas and recent developments in the market.
- Competitive Analysis: An in-depth analysis of the market segments, growth strategies, revenue analysis, and products of the key market players.
Related Reports:
Green Building Materials Market
Renewable Energy Market
Solar Energy Market
Wind Energy Market
Distributed Energy Resource Management System Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
© Copyright Globe Newswire, Inc. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Globe Newswire, Inc.
